Emperador books higher profit of P1.7B in first quarter

Emperador Inc., the world’s largest brandy company, registered revenues of P11 billion in the first quarter of 2019, up 13 percent versus the same period last year, while its net profit attributable to equity holders of parent company went up by 10 percent to P1.74 billion.

“Our overall business continues to show robust performance. Following 2018’s exceptional year with business growing in every region of the world – from Europe to North America, from Middle East to Africa, and from the Pacific to Asia,” Emperador Inc. President Winston Co said.

“Whisky and premium brandy sales in the first three months of 2019 again proved to be strong. This continues to be driven by our malt whisky and premiumization strategy,” he added.

Emperador currently owns the iconic Emperador Brandy,Fundador Spanish Brandy de Jerez, and the luxury Single Malt Scotch Whisky The Dalmore.

The company last year introduced three malt whiskies to enhance the malt portfolio of Whyte and Mackay in the last two years – Tamnavulin, Fettercairn, and Shackleton – which further solidified the company’s compelling malt strategy.

The three brands showed robust signs of growth during the first quarter of 2019, a statement showed.